CANADA STOCKS-TSX may open higher as commodities gain

July 22 (Reuters) - Toronto's main stock index could open
higher on Thursday, rebounding from previous session's sharp
losses, as commodity prices gained.

Canadian equity futures pointed to a higher open. <0#SXF:>
The Reuters-Jefferies CRB index .CRB, a global commodities
benchmark, was up 0.37 percent in early trade.

Wall Street is also poised for a higher open ahead of a
flurry of company results. U.S. stocks sold off on Wednesday
after Federal Reserve chairman Ben Bernanke said the U.S.
economy was facing unusual uncertainty. [.N]

Asian shares were mixed with Shanghai Composite Index
SSEC gaining 1.07 percent as rising steel prices boosted
metal shares while property companies rose on reports that a
property tax would not be levied before 2012.

Japan's Nikkei inched down for a fifth straight day of
losses and its lowest close in three weeks, hurt by a stronger
yen after Bernanke's remarks.

Here is some news that could affect stock prices:

OIL PRICES RISE

Oil reversed early losses on Thursday to head back toward
$77 a barrel as signs of a stronger recovery in Germany soothed
investor concerns, but rising U.S. inventories kept prices in
check. [O/R]
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